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[其他] Interesting article about Oil

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发表于 2009-1-13 18:58 | 显示全部楼层 |阅读模式
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Below is an Interesting article I found, which says that.....Do not 1 Z/ B6 d9 k; c4 f- l
expect much from Crude Oil producers and future is not with the
) R4 j3 q8 ~: Q2 vcompanies producing Jet fuels but Biofuels. Also no wonder if some of
) b( I7 {( z" Y) W& ethese oil producer will go bankrupt or out of the business even if
* F0 ^3 y3 p: j9 Q7 k; W: P/ u- Lcrude prices improves. This implies also to good names such as Shell, 7 [1 Q& F/ P) g# G. u
EXXON, BG, BP, Cheveron ....xyz.. oils
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Recently OPEC reduced crude oil production twice over just a few 4 F* b$ C  @5 u0 T
months. There are three wars going on in Gaza, Iraq and Afghandistan. ' g( ]5 i7 t$ p
A year ago these things would have spiked the price of crude oil by at   e) A; ], l" P7 V
least $50.00 per barrel. Today, oil price declined by a record amount. ! M) H1 w+ G% r5 g+ T
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! A- M3 B  f  T) \There are several reasons the price of oil is decreasing in the face 9 z  J4 n4 [) b3 Y8 f( P2 Y9 y
of so much news. These reasons are:
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7 \/ D1 o* l4 h- e# \4 F+ @  `" S3 X1. New oil has been found in Canada, Montana, North & South Dakota and
: R: U' s) X& W7 D/ p: i& ~in the ocean near Brazil. Each of these oil fields has more oil than
3 x3 }% ~$ E5 G1 u' VArabia.
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2. New natural gas has been found in Pennsylvania and West Virginia.
' E+ n9 Z- {- t6 [This is the largest find in North America. & f3 ]! [: H0 D% i  N8 @

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3. New methods of injecting CO2 and surfactants into oil wells is
2 X' A3 w$ P9 f3 j9 A& k0 w2 Lbeing used to double their output.
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+ X) X% e4 ^+ y$ _" L4. Production of bio-fuels is beginning to reach critical mass. Bio
8 W2 M7 Y  `) _3 Tfuel is being produced from many plants and algae. The production
" t8 [( U7 o, j, o$ h0 Y: V0 \potential per acre in some cases is astounding. Many countries are 4 J! p2 l' E6 X9 z+ a
racing to produce bio fuels.
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5. Virtually every restaurant in the US and all food processing plants
- R2 }5 m- Z2 Gare now selling their used oil to bio-diesel producers. Every pork,
9 G0 t% R8 n1 _' r; G: rcattle, turkey and chicken processing plant will soon sell their fat
( b  [8 C" X1 ^( O( e' Bto bio-diesel producers. One pork processing plant in Oklahoma is , L; E  e' Q; x1 ~) O& D  l, D
producing 30,000 gallons of bio-diesel per day from pork fat.
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7 ?" Q+ |: D5 L; I% L4 }6. There are 99 nuclear reactors in various stages of planning and * S, U/ w  y  z: b
construction around the world at this time. Several hundred more are   {/ F" O" _* f/ y& v& d  {; f2 ]
expected to be built in the future. Much of the energy they produce ! f% F% k1 E$ v# _5 n/ o
will replace oil.
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$ t- F# d& }) u$ a& |7. Every company in any form of transportaion business is replacing . B# B8 ^' D9 G
older equipment such as trucks, airplanes, train engines, ships, etc. 7 p9 H$ h# m2 n0 L
with new more fuel efficient equipment. Airlines and railway companies
  s( w3 B" z0 Zare experiencing 20% to 25% better fuel econony with the new , i. S4 `: O) i" P; ?
equipment.
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' |$ w! T; Z5 @% o" l- xAirlines are flying airplanes with bio-fuel. They are finding the bio- 4 b8 X2 ]4 M, e0 `
fuel is cleaner and performs better than jet fuel.
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" T2 |4 h" B0 w2 }& s( t" \  n8. Cities and counties throughout the US are selling the rights to 0 B, R- ~2 K) Q) B  G
capture methane gas from landfills. This is a huge source of gas
% N: Y$ n* a- `, b. savailable at very little cost or risk. The gas is displacing crude / g. w" y  `0 ]5 F- j
oil.
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9. Coal is being transformed into a clean burning liquid fuel. The CO2
$ x: x! t) B" z, X. O3 Kproduced as a byproduct is sold to oil companies for injection into , R  H6 z% L) ?; M& b
oil wells.
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10. Solar, wind and ocean energy is displacing oil as an energy - w3 r  S- I8 f9 S. E4 U7 v
source. Three new wind turbines are being erected every day in the US.
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! m# Q0 _/ r* \8 G6 A( aEach of the above by itself will not make a large difference in the 7 `' F+ d# f) t
price of crude oil but the sum of all of them together is world
" w' ~  X! x$ S" m* G# ~7 mchanging. The important thing is that OPEC no longer has the ability
9 T5 M- T1 A; U7 _0 M, r' xto control oil prices.
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) v! o% e% }! y1 vWith the above scenario, I still believe that there are under
9 U/ i& g& R" P/ ^6 Mperformed OIL companies and probably they are yet to get the justified ) w  ~6 X- M6 h0 j& m/ X: J2 ^
value .....
- g( C/ y5 R7 U6 p. z, K% V* OIAE- Ithaca , EPL Energy Partners Ltd, Opti etc ... ! f  j: M$ d& |% f* L# [, W

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The above articles are from WSJ .............PUBLISHED ON 9TH JAN 4 x# [. z  Y6 h2 H4 M; O
2009 ... FYI-Only
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